occupancy rates

Hotels predicted to revolutionise revenue management in 2024

New data from European cloud-based software company Mews has unpacked the global hotel industry’s performance in 2023 to pinpoint how…

Lower room rates cause Melbourne hotel decline

Melbourne’s hotels have seen a second decline in revenue per available room (RevPAR) for 2023. According to STR’s September 2023…

Canada’s hotel industry hits new record

Canada’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to…

US hotels show strong performance in May

STR’s industry data shows growth for US hotels in May 2023 rising above the country’s April performance. The average daily…

US hotels to see limited profit growth in 2023

A forecast for the US hotel industry finds that while top-line performance is advancing, growing operating expenses are projected to…

Canada hotel RevPAR consistent for three consecutive months

According to hospitality analytics firm STR, which looks at data insights for the global hospitality industry, Canadian hotels have achieved…

Amsterdam hotel rates reach record high, according to STR

STR, the data and analytics company for the hospitality industry, has highlighted Amsterdam’s hotel rates as the highest on record…